Arc & Co. launch dedicated CBILS team
“Are you facing project overruns? or in need of working capital/an enhanced cash flow to aid with a number of business-related areas - for example, payroll or projects?”
The government recently announced the launch of the CBILS - a scheme for businesses requiring financial support during the Covid-19 pandemic.
Arc & Co. has now formed a dedicated CBILs team and holds full FCA permissions as well as being a member of the NACFB.
We can provide you with access to all 40 accredited CBILS lenders, with whom we have pre-existing relationships.
We can advise on the following types of loans available through the CBILS:
Term Loans: a business loan which needs to be paid back with interest over an agreed period of time
Asset Finance: this allows businesses to unlock value tied up in their assets - such as equipment, machinery, vehicles and technology
Invoice Finance: lenders use unpaid invoices as security for funding. The amount of funding given is based on the risk criteria of the invoice finance provider
Revolving Credit/ Overdraft: this allows businesses to continue accessing funds after their business account balance falls to below zero
“KEY FACTS ABOUT CBILS
Loans can be offered up to the value of £5 million
The loan term can be for a period of up to 60 months
12 months of the interest due on the loan will be paid for by the government
All of the aforementioned types of finance are available”
